LEE IN THE NEWS: Lee & Associates Atlanta Represents Westmount Realty Capital in 264,029 SF Portfolio Sale
November 15, 2021 (Atlanta, Georgia) – Lee & Associates Atlanta is pleased to represent Westmount Realty Capital in its recent acquisition of a 264,029 square foot, 12-building portfolio. With this acquisition, Westmount Realty Capital makes its reentrance into the Atlanta market. This portfolio is a flex / office / industrial portfolio located in the Norcross Industrial micromarket of Atlanta. Not only did Lee & Associates Atlanta facilitate the off-market acquisition of this portfolio from Wiedmayer…
NEW LISTING: 107 Luckie Street | Atlanta, GA 30303
USE: Office / Retail AVAILABLE SF: Up to 18,800 S.F. LOCATION: Heart of Downtown Atlanta WALKING DISTANCE: Centennial Park, Mercedes-Benz Stadium, State Farm Arena, World of Coca-Cola, Georgia Aquarium, College Football Hall of Fame STORIES: 3 floors of office space & finished basement LAYOUT: 24 offices | 14 cubes FURNITURE: Included SIGNAGE: Facade or billboard opportunity
Q3 2021 ATLANTA OFFICE MARKET REPORT
Atlanta’s Office Market is starting to gain traction compared to other national office markets. Atlanta continues to land large office tenants such as Microsoft, Cisco, Visa, Papa John’s, and FanDuel to develop national and regional headquarters. While effects of the pandemic are still felt throughout the market, the large leases signed by large multi-national companies show the growing tech and financial hub that Atlanta is becoming. Overall absorption improved significantly compared to Q2 of 2021…
Q3 2021 ATLANTA INDUSTRIAL MARKET REPORT
Atlanta’s industrial market continues to roll along to new heights. While net absorption was down this quarter, it was still a robust 5.3 MSF and now top 26.3 MSF for the year, which tops the record set in 2017. In addition, the vacancy rate dropped to a record low of 4.4%, down 50 basis points in just 90 days, and the lowest rate ever seen. Due to the high demand for space, rental rates are…
LEE IN THE NEWS: Lee & Associates Atlanta Represents Equity Residential in Purchase of Novel Upper Westside
October 12, 2021 (Atlanta, Georgia) – Lee & Associates Atlanta is pleased to represent Equity Residential in the purchase of Novel Upper Westside located at 2265 Marietta Blvd. Allen Eager, Director with Lee & Associates, assisted Equity Residential jumping back into the Atlanta market after a decade absence. This is Mr. Eager’s second time representing Equity Residential this year. The Chicago-based multi-family investment firm paid $122 million for the 345-unit complex, now named Luna Upper…
Lee Atlanta’s 2021 Parking Survey
Lee and Associates Atlanta is pleased to present our 2021 Parking Survey. The primary locations of interest include the Buckhead and Midtown office submarkets. All parking prices mentioned are per space, per month. Parking represents an evolving, over $30 billion nationally aspect to the commercial real estate industry and is far more dynamic than perceived by most professionals. While technology is ever-changing and adapting to solve the problem office parking can create, price is ultimately…
LEE IN THE NEWS: Lee & Associates Atlanta Welcomes Joseph Mullican
September 29, 2021 (Atlanta, Georgia) – Lee & Associates Atlanta welcomes Joseph Mullican as a Principal with over 20 years of commercial real estate experience. Joseph represents owners/users and tenants/buyers in both leasing and sales transactions with a concentrated focus on Metropolitan Atlanta and Savannah. His knowledge of the greater Atlanta region and individual submarkets provides clients with a comprehensive analysis of the overall marketplace. His ability to find secure off-market investment opportunities has led him…